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Business Wire
28-07-2025
- Business
- Business Wire
MVB Financial Corp. Announces Second Quarter 2025 Results
FAIRMONT, WIRE)--MVB Financial Corp. (NASDAQ: MVBF) ('MVB Financial,' 'MVB' or the 'Company'), the holding company for MVB Bank, Inc. ('MVB Bank'), today announced financial results for the second quarter of 2025, with reported net income of $2.0 million, or $0.16 and $0.15 per basic and diluted share, respectively. "The second quarter marked a positive turn in MVB's operating fundamentals. Loan growth accelerated, following five consecutive quarters of contraction, and our pipeline is strong heading into the second half of the year." - CEO Larry F. Mazza Share Second Quarter 2025 Highlights as Compared to First Quarter 2025 3.5% growth in pre-tax, pre-provision income. Net interest margin up three bps, to 3.66%. Noninterest income up 13.4%. Loan growth of 4.4%; Deposit growth of 8.5%, despite seasonality. Repurchased 314,580 shares for $6.4 million, representing an average cost of $20.28 per share. From Larry F. Mazza, Chief Executive Officer and President, MVB Financial: 'The second quarter marked a positive turn in MVB's operating fundamentals. Loan growth accelerated, following five consecutive quarters of contraction, and our pipeline is strong heading into the second half of the year. In a quarter that traditionally has seasonal headwinds as it is outside of tax and gaming seasons, deposit growth of 8.5% shows execution of our overall strategy. 'We generated positive operating leverage, as our cost control initiatives continued to take hold. Our capital position remains strong, and overall asset quality improved during the quarter. Reflecting this strong foundation and our ongoing commitment to shareholder value, we actively repurchased stock following the authorization of a $10 million share repurchase plan in late May. 'Reported earnings fell short of expectations, primarily due to the timing of loan growth, which occurred late in the quarter, resulting in provisioning without the benefit of corresponding interest income. However, we believe the underlying momentum of our business is strong. We are executing with discipline and remain confident in our ability to deliver long-term value for all our stakeholders.' SECOND QUARTER 2025 HIGHLIGHTS Positive operating leverage driven by cost stabilization. Total noninterest income increased $0.9 million, or 13.4%, to $7.9 million relative to the prior quarter, primarily due to an increase in equity method investment income from our mortgage segment, partially offset by a decline in compliance consulting income and payment card and service charge income. Additionally, the first quarter of 2025 included a $0.6 million gain on divestiture activity. Total noninterest expense remained relatively flat, declining $0.1 million, or 0.5%, to $28.6 million relative to the prior quarter, consistent with our recently-instituted cost control initiatives. Net interest margin expansion powered by improved earning asset mix and higher yields. Net interest margin on a fully tax-equivalent basis, a non-U.S. GAAP financial measure 1, was 3.69%, up three basis points from the prior quarter, primarily due to an increase in the yield on loans, partially offset by an increase in the total cost of funds. Average earning assets declined $155.0 million, or 5.2%, from the prior quarter to $2.82 billion, primarily reflecting seasonal considerations related to seasonal tax volume in banking-as-a-service operations, which resulted in a significant decline in average cash balances. Total loan balances increased $90.0 million, or 4.4%, from the prior quarter to $2.15 billion, due primarily to increased loan demand and improved market conditions. Yield on interest earning assets was 6.04%, up 13 basis points compared to the prior quarter, primarily due to a shift in the mix of earning assets. Total cost of funds was 2.41%, up 13 basis points compared to the prior quarter, primarily reflecting the aforementioned seasonal considerations, which resulted in a change in deposit mix, most notably a significantly lower balance of average noninterest bearing deposits during the second quarter. Total deposits increased $220.6 million, or 8.5%, to $2.80 billion compared to the prior quarter-end. Noninterest-bearing ('NIB') deposits increased $17.0 million, or 1.7%, to $1.05 billion, and represent 37.4% of total deposits as of June 30, 2025, as compared to 40.0% as of the prior quarter-end. The loan-to-deposit ratio was 76.8% as of June 30, 2025, compared to 79.9% as of the prior quarter-end. Off-balance sheet deposits totaled $1.11 billion as of June 30, 2025, a decline of $418.4 million, or 27.5%, compared to prior quarter-end, reflecting a decrease in certain banking-as-a-service deposit relationships. Maintaining a strong and resilient foundation. Criticized loans declined $22.5 million, or 16.6%, to $112.9 million, or 5.2% of total loans, from $135.5 million, or 6.6% of total loans, at the prior quarter-end. Net charge-offs were $0.2 million, or 0.04% annualized of loans, for the second quarter, compared to $0.9 million, or 0.2% annualized of loans, for the prior quarter. Provision for credit losses totaled $2.0 million, compared to $0.2 million for the prior quarter, primarily attributable to loan growth. The allowance for credit losses was 1.0% of total loans at June 30, 2025, compared to 0.9% at March 31, 2025. The Community Bank Leverage Ratio, Tier 1 Risk-Based Capital Ratio and MVB Bank's Total Risk-Based Capital Ratio were 11.4%, 14.6% and 15.5%, respectively, compared to 10.9%, 15.5% and 16.4%, respectively, at the prior quarter-end. The tangible common equity ratio, a non-U.S. GAAP financial measure 1, was 9.3% as of June 30, 2025, compared to 10.2% as of March 31, 2025 and 8.9% as of June 30, 2024. Book value per share and tangible book value per share, a non-U.S. GAAP measure 1, were $23.78 and $23.68, respectively. During the second quarter, the Company repurchased 314,580 shares, or $6.4 million, representing an average cost of $20.28 per share. As previously disclosed, the Company announced the authorization of a stock repurchase program of up to $10 million of its common stock. INCOME STATEMENT Net interest income on a fully tax-equivalent basis totaled $26.0 million for the second quarter of 2025, a decline of $0.9 million, or 3.4%, from the first quarter of 2025 and a decline of $1.8 million, or 6.4%, from the second quarter of 2024. The decline from the both prior periods reflects a lower balance of total average earning assets, partially offset by a higher net interest margin. Interest income declined $0.8 million, or 2.0%, from the first quarter of 2025 and declined $3.7 million, or 8.1%, from the second quarter of 2024. The decline in interest income relative to the prior quarter reflects declines in interest income from cash balances. The decline in interest income relative to the same period a year ago reflects lower interest income from loans and cash due to the lower overall balance of loans and cash, and the impact of lower interest rates on interest income from loans and cash balances, partially offset by higher interest income on investment securities balances due to higher rates earned on these investments and a higher overall balance of investment securities. Interest expense increased $0.1 million, or 0.3%, from the first quarter of 2025 and declined $2.0 million, or 10.5%, from the second quarter of 2024. The cost of funds was 2.41% for the second quarter of 2025, an increase of 13 basis points compared to 2.28% for the first quarter of 2025 and a decline of 13 basis points compared to 2.54% for the second quarter of 2024. The higher cost of funds compared to the prior quarter reflects a shift in the mix of average deposits, including a decline in the ratio of average noninterest-bearing deposits to total deposits, primarily reflecting typical seasonal considerations related to our banking-as-a-service operations. Relative to the same period a year ago, the decline reflects the impact of lower interest rates on our deposits and a shift in the mix of average deposits. On a tax-equivalent basis 1, net interest margin for the second quarter of 2025 was 3.69%, an increase of three basis points versus the first quarter of 2025 and a decline of six basis points versus the second quarter of 2024. The increase in net interest margin relative to the prior quarter reflects a decline in lower yielding cash and investment securities balances, as compared to a lesser decline in higher-yielding loan balances, and higher yields across key categories of earning assets, partially offset by a decline in average earning asset balances and an increase in the total cost of funds. The decline in net interest margin relative to the same period a year ago reflected a decline in overall earning asset balances and a slight decline in the yield on earning assets. Noninterest income totaled $7.9 million for the second quarter of 2025, an increase of $0.9 million from the first quarter of 2025 and $0.8 million from the second quarter of 2024. The increase compared to the prior quarter is primarily attributable to a $1.7 million increase in equity method investment income from our mortgage segment, a $0.3 million decline in loss on disposal of assets and a $0.2 million increase in other operating income. These increases were partially offset by declines of $0.5 million in compliance consulting income and $0.3 million in payment card and service charge income. Additionally, the first quarter of 2025 included a $0.6 million gain on divestiture activity related to the sale of Trabian Technology, Inc. The increase in noninterest income from the second quarter of 2024 was primarily driven by a $1.8 million increase in equity method investment income from our mortgage segment and a $0.8 million increase in payment card and service charge income, partially offset by a $1.3 million decline in compliance consulting income and a $0.4 million holding loss on equity securities in the current quarter. Noninterest expense totaled $28.6 million for the second quarter of 2025, a decline of $0.1 million from the first quarter of 2025 and $0.4 million from the second quarter of 2024. The decline from the first quarter of 2025 primarily reflects declines of $0.6 million in salaries and employee benefits, $0.1 million in other operating expense and $0.1 million in professional fees, partially offset by increases of $0.7 million in travel, entertainment, dues and subscriptions and $0.1 million in insurance, tax and assessment expense. The decline from the second quarter of 2024 primarily reflects declines of $1.7 million in professional fees, $0.3 million in equipment depreciation and maintenance and $0.1 million in salaries and employee benefits, partially offset by increases of $0.7 million in other operating expense, $0.8 million in travel, entertainment, dues and subscriptions and $0.4 million in occupancy expense. BALANCE SHEET Loans totaled $2.15 billion as of June 30, 2025, an increase of $90.0 million, or 4.4%, from March 31, 2025, and a decline of $53.5 million, or 2.4%, from June 30, 2024. The increase in loan balances relative to the prior quarter primarily reflects stronger loan demand and improved market conditions. The decline relative to the same period a year ago reflects portfolio management and the impact of loan amortization and payoffs. Deposits totaled $2.80 billion as of June 30, 2025, an increase of $220.6 million, or 8.5%, from March 31, 2025, and a decline of $78.4 million, or 2.7%, from June 30, 2024. The increase in deposits relative to the prior quarter primarily reflects an increased volume in the Fintech banking space. Relative to the same period a year ago, the decline in total deposits primarily reflects a $193.1 million, or 38.7%, decline in brokered certificates of deposit ('CDs'). NIB deposits totaled $1.05 billion as of June 30, 2025, an increase of $17.0 million, or 1.7%, from March 31, 2025 and $66.3 million, or 6.7%, from June 30, 2024. NIB deposits represented 37.4% of total deposits as of June 30, 2025, compared to 40.0% of total deposits at the prior quarter-end and 34.1% for the same period a year ago. Off-balance sheet deposits totaled $1.11 billion as of June 30, 2025, a decline of $418.4 million, or 27.5%, compared to $1.52 billion at March 31, 2025, and a decline of $253.4 million, or 18.7%, from $1.36 billion at June 30, 2024. The decline in off-balance sheet deposits relative to the prior quarter primarily reflects typical seasonality in certain deposit relationships. Relative to the same period a year ago, the decline reflects lower banking-as-a-service deposit balances. Off-balance sheet deposit networks are utilized to generate fee income, enhance capital efficiency and manage liquidity and concentration risk. CAPITAL The Community Bank Leverage Ratio was 11.4% as of June 30, 2025, compared to 10.9% as of March 31, 2025, and 10.7% as of June 30, 2024. MVB's Tier 1 Risk-Based Capital Ratio was 14.6% as of June 30, 2025, compared to 15.5% as of March 31, 2025 and 14.6% as of June 30, 2024. The Bank's Total Risk-Based Capital Ratio was 15.5% as of June 30, 2025, compared to 16.4% as of March 31, 2025 and 15.4% as of June 30, 2024. The tangible common equity ratio, a non-U.S. GAAP financial measure 1, was 9.3% as of June 30, 2025, compared to 10.2% as of March 31, 2025 and 8.9% as of June 30, 2024. The Company issued a quarterly cash dividend of $0.17 per share for the second quarter of 2025, consistent with the first quarter of 2025 and the second quarter of 2024. During the second quarter, the Company repurchased 314,580 shares, or $6.4 million, representing an average cost of $20.28 per share. As previously disclosed, the Company announced the authorization of a stock repurchase program of up to $10 million of its common stock. ASSET QUALITY Nonperforming loans totaled $21.1 million, or 1.0% of total loans, as of June 30, 2025, as compared to $20.3 million, or 1.0% of total loans, as of March 31, 2025, and $23.1 million, or 1.0% of total loans, as of June 30, 2024. Criticized loans as a percentage of total loans were 5.2% as of June 30, 2025, compared to 6.6% as of March 31, 2025 and 5.7% as of June 30, 2024. The decline in criticized loans from the prior periods primarily reflects two commercial loans that were paid off and risk grade upgrades on certain loans that were previously included in criticized loans. Classified loans as a percentage of total loans were 3.0% as of June 30, 2025, compared to 3.2% as of March 31, 2025 and 2.2% as of June 30, 2024. Net charge-offs were $0.2 million, or 0.04% annualized of total loans, for the second quarter of 2025, compared to $0.9 million, or 0.2% annualized of total loans, for the first quarter of 2025 and the second quarter of 2024. The provision for credit losses totaled $2.0 million, compared to $0.2 million for the prior quarter ended March 31, 2025 and $0.3 million for the quarter ended June 30, 2024. The $2.0 million provision for credit losses recorded during the quarter ended June 30, 2025 was primarily due to an increase in total loans. The allowance for credit losses for loans was 1.0% of total loans at June 30, 2025, compared to 0.9% at March 31, 2025 and consistent with 1.0% at June 30, 2024. 1 See the reconciliation of this non-U.S. GAAP financial measure to its most directly comparable GAAP financial measure later in the release. Expand About MVB Financial Corp. MVB Financial, the holding company of MVB Bank, is publicly traded on The Nasdaq Capital Market® ('Nasdaq') under the ticker 'MVBF.' MVB Financial is a financial holding company headquartered in Fairmont, West Virginia. Through its subsidiary, MVB Bank, and MVB Bank's subsidiaries, MVB Financial provides financial services to individuals and corporate clients in the Mid-Atlantic region and beyond. Nasdaq is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. For more information about MVB Financial, please visit Forward-Looking Statements MVB Financial has made forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, in this press release that are intended to be covered by the protections provided under the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations about the future and are subject to risks and uncertainties. Forward-looking statements include, without limitation, information concerning possible or assumed future results of operations of the Company and its subsidiaries. Forward-looking statements can be identified by the use of words such as 'may,' 'could,' 'should,' 'would,' 'will,' 'plans,' 'believes,' 'estimates,' 'expects,' 'anticipates,' 'intends,' 'continues' or the negative of those terms or similar expressions. Note that many factors could affect the future financial results of the Company and its subsidiaries, both individually and collectively, and could cause those results to differ materially from those expressed in forward-looking statements. Therefore, undue reliance should not be placed upon any forward-looking statements. Those factors include but are not limited to: market, economic, operational, liquidity and credit risk; changes in market interest rates; inability to successfully execute business plans, including strategies related to investments in Fintech companies; competition; unforeseen events, such as pandemics or natural disasters, and any governmental or societal responses thereto; changes in economic, business and political conditions, including, without limitation, the imposition of international trade policies and any retaliatory responses thereto; changes in demand for loan products and deposit flow; changes in deposit classifications; operational risks and risk management failures; and government regulation and supervision. Additional factors that may cause actual results to differ materially from those described in the forward-looking statements can be found in the Company's Annual Report on Form 10-K for the year ended December 31, 2024, as well as its other filings with the Securities and Exchange Commission ('SEC'), which are available on the SEC's website at Except as required by law, the Company disclaims any obligation to update, revise or correct any forward-looking statements. Accounting standards require the consideration of subsequent events occurring after the balance sheet date for matters that require adjustment to, or disclosure in, the consolidated financial statements. The review period for subsequent events extends up to and including the filing date of a public company's financial statements when filed with the SEC. Accordingly, the consolidated financial information in this announcement is subject to change. Non-U.S. GAAP Financial Measures This document contains supplemental financial information determined by methods other than in accordance with accounting principles generally accepted in the United States of America ('U.S. GAAP'). Management uses these non-U.S. GAAP measures in its analysis of the Company's performance. These measures should not be considered a substitute for U.S. GAAP basis measures nor should they be viewed as a substitute for operating results determined in accordance with U.S. GAAP. Management believes the presentation of non-U.S. GAAP financial measures that exclude the impact of specified items provide useful supplemental information that is essential to a proper understanding of the Company's financial condition and results. Non-U.S. GAAP measures are not formally defined under U.S. GAAP, and other entities may use calculation methods that differ from those used by us. As a complement to U.S. GAAP financial measures, our management believes these non-U.S. GAAP financial measures assist investors in comparing the financial condition and results of operations of financial institutions due to the industry prevalence of such non-U.S. GAAP measures. See the tables below for a reconciliation of these non-U.S. GAAP measures to the most directly comparable U.S. GAAP financial measures. Noninterest Income (Unaudited) (Dollars in thousands) Quarterly Year-to-Date 2025 2025 2024 2025 2024 Second Quarter First Quarter Second Quarter Card acquiring income $ 498 $ 549 $ 337 $ 1,047 $ 588 Service charges on deposits 1,075 1,158 1,103 2,233 2,626 Interchange income 3,080 3,278 2,377 6,358 5,416 Total payment card and service charge income 4,653 4,985 3,817 9,638 8,630 Equity method investments income (loss) 2,315 645 484 2,960 (644 ) Compliance and consulting income 6 501 1,274 507 2,274 Loss on sale of loans (80 ) (69 ) — (149 ) — Investment portfolio gains (losses) (166 ) (308 ) 117 (474 ) 726 Gain on divestiture activity — 608 — 608 — Loss on disposal of assets (15 ) (342 ) (12 ) (357 ) (66 ) Other noninterest income 1,232 988 1,462 2,220 4,056 Total noninterest income $ 7,945 $ 7,008 $ 7,142 $ 14,953 $ 14,976 Expand Condensed Consolidated Balance Sheets (Unaudited) (Dollars in thousands) June 30, 2025 March 31, 2025 June 30, 2024 Cash and cash equivalents $ 399,379 $ 251,450 $ 455,517 Investment securities available-for-sale 396,555 419,617 361,254 Equity securities 43,923 44,317 41,261 Loans receivable 2,153,309 2,063,296 2,206,793 Less: Allowance for credit losses (20,785 ) (19,165 ) (22,084 ) Loans receivable, net 2,132,524 2,044,131 2,184,709 Premises and equipment, net 10,877 11,489 19,540 Other assets 240,750 248,683 225,723 Total assets $ 3,224,008 $ 3,019,687 $ 3,288,004 Noninterest-bearing deposits $ 1,050,104 $ 1,033,056 $ 983,809 Interest-bearing deposits 1,754,319 1,550,742 1,899,043 Subordinated debt 73,912 73,850 73,663 Other liabilities 43,358 51,985 34,826 Total liabilities 2,921,693 2,709,633 2,991,341 Common stock 13,877 13,798 13,776 Additional paid-in capital 166,078 165,559 162,880 Retained earnings 173,350 173,557 165,096 Accumulated other comprehensive loss (27,869 ) (26,119 ) (28,386 ) Treasury stock (23,121 ) (16,741 ) (16,741 ) Noncontrolling interest — — 38 Total Stockholders' equity 302,315 310,054 296,663 Total liabilities and stockholders' equity $ 3,224,008 $ 3,019,687 $ 3,288,004 Expand Average Balances and Interest Rates (Unaudited) (Dollars in thousands) Three Months Ended Three Months Ended Three Months Ended June 30, 2025 March 31, 2025 June 30, 2024 Assets Interest-bearing balances with banks $ 332,265 $ 3,592 4.34 % $ 445,509 $ 4,734 4.31 % $ 380,278 $ 5,065 5.36 % Investment securities: Taxable 305,600 2,828 3.71 327,676 2,757 3.41 252,963 1,905 3.03 Tax-exempt 1 96,135 819 3.42 102,681 857 3.38 102,785 684 2.68 Loans and loans held-for-sale: 2 Commercial 1,488,610 28,371 7.64 1,492,238 28,020 7.62 1,597,359 30,824 7.76 Tax-exempt 1 2,719 29 4.28 2,826 30 4.31 3,261 35 4.32 Real estate 538,595 5,826 4.34 546,106 5,862 4.35 563,011 6,391 4.57 Consumer 61,022 1,096 7.20 62,956 1,155 7.44 73,531 1,374 7.52 Total loans 2,090,946 35,322 6.78 2,104,126 35,067 6.76 2,237,162 38,624 6.94 Total earning assets 2,824,946 42,561 6.04 2,979,992 43,415 5.91 2,973,188 46,278 6.26 Less: Allowance for credit losses (19,459 ) (19,630 ) (22,596 ) Cash and due from banks 8,215 6,979 4,528 Other assets 300,378 327,995 305,644 Total assets $ 3,114,080 $ 3,295,336 $ 3,260,764 Liabilities Deposits: NOW $ 658,490 $ 4,966 3.02 % $ 481,322 $ 3,134 2.64 % $ 465,587 $ 4,139 3.58 % Money market checking 358,968 2,284 2.55 335,743 2,092 2.53 400,205 3,337 3.35 Savings 117,123 920 3.15 89,924 582 2.62 112,225 944 3.38 IRAs 7,414 68 3.68 7,722 81 4.25 7,948 81 4.10 CDs 657,367 7,545 4.60 814,782 9,793 4.87 731,337 9,130 5.02 Repurchase agreements and federal funds sold 4,081 24 2.36 3,167 15 1.92 3,459 4 0.47 FHLB and other borrowings 8 — — 5,115 59 4.68 — — — Senior term loan 3 — — — — — — 2,736 114 16.76 Subordinated debt 73,890 797 4.33 73,828 797 4.38 73,629 808 4.41 Total interest-bearing liabilities 1,877,341 16,604 3.55 1,811,603 16,553 3.71 1,797,126 18,557 4.15 Noninterest-bearing demand deposits 886,657 1,130,900 1,139,070 Other liabilities 44,021 48,684 36,101 Total liabilities 2,808,019 2,991,187 2,972,297 Stockholders' equity Common stock 13,825 13,796 13,731 Paid-in capital 165,611 164,967 162,518 Treasury stock (18,029 ) (16,741 ) (16,741 ) Retained earnings 173,394 170,365 161,709 Accumulated other comprehensive loss (28,740 ) (28,275 ) (32,299 ) Total stockholders' equity attributable to parent 306,061 304,112 288,918 Noncontrolling interest — 37 (451 ) Total stockholders' equity 306,061 304,149 288,467 Total liabilities and stockholders' equity $ 3,114,080 $ 3,295,336 $ 3,260,764 Net interest spread (tax-equivalent) 2.49 % 2.20 % 2.11 % Net interest income and margin (tax-equivalent) 1 $ 25,957 3.69 % $ 26,862 3.66 % $ 27,721 3.75 % Less: Tax-equivalent adjustments (177 ) (186 ) (151 ) Net interest spread 2.47 % 2.17 % 2.09 % Net interest income and margin $ 25,780 3.66 % $ 26,676 3.63 % $ 27,570 3.73 % 1 In order to make pre-tax income and resultant yields on tax-exempt loans and investment securities comparable to those on taxable loans and investment securities, a tax-equivalent adjustment has been computed using a Federal tax rate of 21% for the periods presented, which is a non-U.S. GAAP financial measure. See the reconciliation of this non-U.S. GAAP financial measure to its most directly comparable GAAP financial measure included in the tables on page 15. 2 Non-accrual loans are included in total loan balances, lowering the effective yield for the portfolio in the aggregate. 3 The senior term loan was paid off in May 2024 and the unamortized debt issuance costs were recorded as interest expense upon the repayment. Expand Six Months Ended Six Months Ended June 30, 2025 June 30, 2024 Assets Interest-bearing balances with banks $ 388,574 $ 8,326 4.32 % $ 465,086 $ 12,406 5.36 % Investment securities: Taxable 316,577 5,586 3.56 249,527 3,648 2.94 Tax-exempt 1 99,050 1,676 3.41 104,547 1,570 3.02 Loans and loans held-for-sale: 2 Commercial 1,490,414 56,391 7.63 1,611,822 62,975 7.86 Tax-exempt 1 2,772 59 4.29 3,317 72 4.37 Real estate 542,330 11,688 4.35 569,579 13,004 4.59 Consumer 61,984 2,251 7.32 75,416 2,827 7.54 Total loans 2,097,500 70,389 6.77 2,260,134 78,878 7.02 Total earning assets 2,901,701 85,977 5.98 3,079,294 96,502 6.30 Less: Allowance for loan losses (19,544 ) (22,427 ) Cash and due from banks 7,601 4,967 Other assets 314,450 320,338 Total assets $ 3,204,208 $ 3,382,172 Liabilities Deposits: NOW $ 589,361 $ 8,100 2.77 % $ 510,558 $ 9,068 3.57 % Money market checking 347,420 4,377 2.54 404,484 7,096 3.53 Savings 103,599 1,502 2.92 137,918 2,585 3.77 IRAs 7,567 149 3.97 7,856 155 3.97 CDs 735,639 17,338 4.75 702,974 17,657 5.05 Repurchase agreements and federal funds sold 3,627 39 2.17 3,205 5 0.31 FHLB and other borrowings 2,547 58 4.59 22 1 5.98 Senior term loan 3 — — — 4,736 264 11.21 Subordinated debt 73,859 1,594 4.35 73,600 1,617 4.42 Total interest-bearing liabilities 1,863,619 33,157 3.59 1,845,353 38,448 4.19 Noninterest-bearing demand deposits 989,138 1,209,132 Other liabilities 46,339 39,059 Total liabilities 2,899,096 3,093,544 Stockholders' equity Common stock 13,811 13,695 Paid-in capital 165,291 162,025 Treasury stock (17,389 ) (16,741 ) Retained earnings 171,890 161,322 Accumulated other comprehensive loss (28,509 ) (31,429 ) Total stockholders' equity attributable to parent 305,094 288,872 Noncontrolling interest 18 (244 ) Total stockholders' equity 305,112 288,628 Total liabilities and stockholders' equity $ 3,204,208 $ 3,382,172 Net interest spread (tax-equivalent) 2.39 % 2.11 % Net interest income and margin (tax-equivalent) 1 $ 52,820 3.67 % $ 58,054 3.79 % Less: Tax-equivalent adjustments $ (364 ) $ (345 ) Net interest spread 2.36 % 2.09 % Net interest income and margin $ 52,456 3.65 % $ 57,709 3.77 % 1 In order to make pre-tax income and resultant yields on tax-exempt loans and investment securities comparable to those on taxable loans and investment securities, a tax-equivalent adjustment has been computed using a Federal tax rate of 21% for the periods presented, which is a non-GAAP financial measure. See the reconciliation of this non-GAAP financial measure to its most directly comparable GAAP financial measure included in the tables on page 15. 2 Non-accrual loans are included in total loan balances, lowering the effective yield for the portfolio in the aggregate. 3 The senior term loan was paid off in May 2024 and the unamortized debt issuance costs were recorded as interest expense upon the repayment. Expand Selected Financial Data (Unaudited) (Dollars in thousands, except share and per share data) Quarterly Year-to-Date 2025 2025 2024 2025 2024 Second Quarter First Quarter Second Quarter Earnings and Per Share Data: Net income $ 2,002 $ 3,577 $ 4,089 $ 5,579 $ 8,571 Earnings per share - basic $ 0.16 $ 0.28 $ 0.32 $ 0.43 $ 0.67 Earnings per share - diluted $ 0.15 $ 0.27 $ 0.31 $ 0.42 $ 0.66 Cash dividends paid per common share $ 0.17 $ 0.17 $ 0.17 $ 0.34 $ 0.34 Book value per common share $ 23.78 $ 23.94 $ 22.94 $ 23.78 $ 22.94 Tangible book value per common share 1 $ 23.68 $ 23.85 $ 22.70 $ 23.68 $ 22.70 Weighted-average shares outstanding - basic 12,912,113 12,948,178 12,883,426 12,930,046 12,847,191 Weighted-average shares outstanding - diluted 13,121,436 13,181,213 13,045,660 13,151,616 13,058,791 Performance Ratios: Return on average assets 2 0.3 % 0.4 % 0.5 % 0.3 % 0.5 % Return on average equity 2 2.6 % 4.7 % 5.7 % 3.7 % 5.9 % Net interest margin 3 4 3.69 % 3.66 % 3.75 % 3.67 % 3.79 % Efficiency ratio 5 84.7 % 85.2 % 83.3 % 85.0 % 81.3 % Overhead ratio 2 6 3.7 % 3.5 % 3.5 % 3.6 % 3.5 % Equity to assets 9.4 % 10.3 % 9.0 % 9.4 % 9.0 % Asset Quality Data and Ratios: Charge-offs $ 628 $ 1,387 $ 1,538 $ 2,015 $ 3,688 Recoveries $ 445 $ 530 $ 688 $ 975 $ 1,523 Net loan charge-offs to total loans 2 7 — % 0.2 % 0.2 % 0.1 % 0.2 % Allowance for credit losses $ 20,785 $ 19,165 $ 22,084 $ 20,785 $ 22,084 Allowance for credit losses to total loans 8 0.97 % 0.93 % 1.00 % 0.97 % 1.00 % Nonperforming loans $ 21,055 $ 20,272 $ 23,099 $ 21,055 $ 23,099 Nonperforming loans to total loans 1.0 % 1.0 % 1.0 % 1.0 % 1.0 % Mortgage Company Equity Method Investees Production Data 9: Mortgage pipeline $ 1,128,738 $ 1,078,835 $ 927,875 $ 1,128,738 $ 927,875 Loans originated $ 1,352,603 $ 1,310,702 $ 1,383,405 $ 2,663,305 $ 2,433,494 Loans closed $ 882,361 $ 888,022 $ 828,849 $ 1,770,383 $ 1,482,155 Loans sold $ 699,036 $ 644,683 $ 639,035 $ 1,343,718 $ 1,555,150 1 Common equity less total goodwill and intangibles per common share, a non-U.S. GAAP measure. See the reconciliation of this non-U.S. GAAP financial measure to its most directly comparable GAAP financial measure included in the tables on page 15 2 Annualized for the quarterly periods presented. 3 Net interest income as a percentage of average interest-earning assets. 4 Presented on a fully tax-equivalent basis, a non-U.S. GAAP financial measure. 5 Noninterest expense as a percentage of net interest income and noninterest income, a non-U.S. GAAP measure. 6 Noninterest expense as a percentage of average assets, a non-U.S. GAAP measure. 7 Ratio of charge-offs, less recoveries to total loans. 8 Excludes loans held-for-sale. 9 Information is related to Intercoastal Mortgage Company, LLC and Warp Speed Holdings LLC, entities in which MVB has an ownership interest that are accounted for as equity method investments. Expand Non-U.S. GAAP Reconciliation: Tangible Book Value per Common Share and Tangible Common Equity Ratio (Unaudited) (Dollars in thousands, except per share data) June 30, 2025 March 31, 2025 June 30, 2024 Tangible Book Value per Common Share Goodwill $ 1,200 $ 1,200 $ 2,838 Intangibles — — 307 Total intangibles $ 1,200 1,200 3,145 Total equity attributable to parent $ 302,315 310,054 296,625 Less: Total intangibles (1,200 ) (1,200 ) (3,145 ) Tangible common equity $ 301,115 $ 308,854 $ 293,480 Tangible common equity $ 301,115 $ 308,854 $ 293,480 Common shares outstanding (000s) 12,715 12,950 12,928 Tangible book value per common share $ 23.68 $ 23.85 $ 22.70 Tangible Common Equity Ratio Total assets $ 3,224,008 $ 3,019,687 $ 3,288,004 Less: Total intangibles (1,200 ) (1,200 ) (3,145 ) Tangible assets $ 3,222,808 $ 3,018,487 $ 3,284,859 Tangible assets $ 3,222,808 $ 3,018,487 $ 3,284,859 Tangible common equity $ 301,115 $ 308,854 $ 293,480 Tangible common equity ratio 9.3 % 10.2 % 8.9 % Expand
Yahoo
28-07-2025
- Business
- Yahoo
MVB Financial (MVBF) to Report Q2 Results: What Awaits?
MVB Financial (MVBF) is expected to deliver flat earnings compared to the year-ago quarter on higher revenues when it reports results for the quarter ended June 2025. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The earnings report might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise. Zacks Consensus Estimate This company is expected to post quarterly earnings of $0.31 per share in its upcoming report, which represents no change from the year-ago quarter. Revenues are expected to be $35.9 million, up 3.4% from the year-ago quarter. Estimate Revisions Trend The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change. Price, Consensus and EPS Surprise Earnings Whisper Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). How Have the Numbers Shaped Up for MVB Financial? For MVB Financial, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%. On the other hand, the stock currently carries a Zacks Rank of #3. So, this combination makes it difficult to conclusively predict that MVB Financial will beat the consensus EPS estimate. Does Earnings Surprise History Hold Any Clue? While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. For the last reported quarter, it was expected that MVB Financial would post earnings of $0.21 per share when it actually produced earnings of $0.27, delivering a surprise of +28.57%. Over the last four quarters, the company has beaten consensus EPS estimates two times. Bottom Line An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. MVB Financial doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Mvb Financial Corp. (MVBF) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
11-07-2025
- Business
- Yahoo
MVB Financial Corp. Announces Executive Transition
Appointment of Michael R. Sumbs as CFO; Appointment of Jonathan T. Logan as Chief Accounting Officer Current CEO Larry F. Mazza to Reassume Role of President Departure of Donald T. Robinson FAIRMONT, July 11, 2025--(BUSINESS WIRE)--MVB Financial Corp. (NASDAQ: MVBF) ("MVB" or the "Company"), today announced that, effective July 14, 2025, the Company and its wholly-owned subsidiary, MVB Bank (the "Bank"), have mutually agreed with Donald T. Robinson to a transition plan under which Mr. Robinson will depart from his position as President and Chief Financial Officer of the Company and of MVB Bank to enable him to pursue other opportunities. "After 15 incredibly rewarding years at MVB, including the last several years as President, I've made the personal decision to step away from MVB and my leadership responsibilities," said Mr. Robinson. Upon Mr. Robinson's transition, Larry F. Mazza, the Company's current Chief Executive Officer will reassume the role of President in addition to his duties as CEO. The Company and the Bank have appointed Michael R. Sumbs to serve as Executive Vice President and Chief Financial Officer and Jonathan T. Logan as Chief Accounting Officer. Mr. Robinson will be available throughout the next year to provide continued consulting and support to MVB during this transition. "We wish Don well in his next chapter and sincerely thank him for all his contributions to MVB over the years as well as his trusted partnership," said Mr. Mazza. "We are pleased to welcome Mike to Team MVB. During his time at Raymond James, Mike has been a strong partner to MVB. His extensive investment banking and capital markets experience, as well as knowledge of the banking and Fintech sectors, will position us well as we focus on growth, profitability and enhancing shareholder value. The addition of Jonathan as Chief Accounting Officer will also help to support our ongoing growth and strengthen our financial organization." Mr. Sumbs joins the Company from Raymond James & Associates, Inc., where he has worked since 2017, most recently serving as a Director in the financial services practice. Prior to his role at Raymond James, Mr. Sumbs worked in the financial services investment banking group at Macquarie Capital and in a Strategy & Corporate Development role for Yadkin Financial Corporation (acquired by F.N.B. Corporation). Mr. Sumbs started his career at Keefe, Bruyette & Woods, Inc. and has over 15 years of experience working with and for financial institutions. Mr. Sumbs received a B.S. in Business Administration from the University of Richmond and an MBA from The Fuqua School of Business at Duke University. "I am honored to join MVB as CFO and to work alongside such a talented team," said Mr. Sumbs. "I am excited about the opportunities ahead and look forward to contributing to MVB's continued success and delivering value to our clients, partners and shareholders." Mr. Logan joins the Company from William Penn Bank, where he worked since 2020 as Executive Vice President and Chief Financial Officer, where he oversaw all financial, accounting and regulatory matters. He previously served in a corporate controller capacity with Beneficial Bank (acquired by WSFS Financial). Mr. Logan is a Certified Public Accountant and received a B.S. in accounting from Susquehanna University. "I am pleased to join Team MVB as CAO and work with Mike to contribute to MVB's continued success and growth," said Mr. Logan. Mr. Robinson's transition out of the CFO and President roles and Messrs. Mazza's, Sumbs' and Logan's respective appointments will be effective July 14, 2025. "I have full confidence in Mike as the incoming CFO and Jonathan as CAO, and I remain committed to supporting a successful transition over the next year and ensuring MVB continues to thrive," said Mr. Robinson. About MVB Financial Corp. MVB Financial Corp., the holding company of MVB Bank, Inc., is publicly traded on The Nasdaq Capital Market® under the ticker "MVBF." Nasdaq is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its subsidiary, MVB Bank, Inc., and the Bank's subsidiaries, the Company provides financial services to individuals and corporate clients in the Mid-Atlantic region and beyond. For more information about MVB, please visit Forward-Looking Statements MVB Financial Corp. has made forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, in this press release that are intended to be covered by the protections provided under the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations about the future and subject to risks and uncertainties. Forward-looking statements include, without limitation, information concerning possible or assumed future results of operations of the Company and its subsidiaries. Forward-looking statements can be identified by the use of words such as "may," "could," "should,", "would," "will," "plans," "believes," "estimates," "expects," "anticipates," "intends," "continues," or the negative of those terms or similar expressions. Note that many factors could affect the future financial results of the Company and its subsidiaries, both individually and collectively, and could cause those results to differ materially from those expressed in forward-looking statements. Therefore, undue reliance should not be placed upon any forward-looking statements. Those factors include but are not limited to: market, economic, operational, liquidity, and credit risk; changes in market interest rates; inability to successfully execute business plans, including strategies related to investments in financial technology companies; competition; unforeseen events, such as pandemics or natural disasters, and any governmental or societal responses thereto, changes in economic, business, and political conditions; changes in demand for loan products and deposit flow; changes in deposit classifications, operational risks and risk management failures; and government regulation and supervision. Additional factors that may cause actual results to differ materially from those described in the forward-looking statements can be found in the Company's Annual Report on Form 10-K for the year ended December 31, 2024, as well as its other filings with the SEC, which are available on the SEC's website at Except as required by law, the Company disclaims any obligation to update, revise, or correct any forward-looking statements. View source version on Contacts MEDIA CONTACT Amy BakerVP, Corporate Communications and MarketingMVB Bankabaker@ (844) 682-2265 INVESTOR RELATIONS Marcie Lipscombmlipscomb@ (844) 682-2265 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
26-06-2025
- Business
- Yahoo
Undervalued Small Caps With Insider Buying Across Regions June 2025
The United States market has shown robust performance, climbing 1.7% in the last 7 days and rising 12% over the past year, with earnings forecast to grow by 15% annually. In this dynamic environment, identifying small-cap stocks with insider buying can offer promising opportunities for investors seeking value in a thriving market. Name PE PS Discount to Fair Value Value Rating Lindblad Expeditions Holdings NA 0.9x 32.92% ★★★★★★ Southside Bancshares 9.9x 3.4x 49.41% ★★★★★☆ Industrial Logistics Properties Trust NA 0.7x 47.87% ★★★★★☆ Citizens & Northern 10.8x 2.7x 48.59% ★★★★☆☆ Thryv Holdings NA 0.7x 32.88% ★★★★☆☆ Titan Machinery NA 0.2x -345.47% ★★★★☆☆ Vital Energy NA 0.3x 9.68% ★★★★☆☆ MVB Financial 14.5x 1.9x 32.05% ★★★☆☆☆ Standard Motor Products 11.4x 0.4x -2152.30% ★★★☆☆☆ BlueLinx Holdings 15.3x 0.2x -86.08% ★★★☆☆☆ Click here to see the full list of 82 stocks from our Undervalued US Small Caps With Insider Buying screener. Let's dive into some prime choices out of from the screener. Simply Wall St Value Rating: ★★★☆☆☆ Overview: Burke & Herbert Financial Services operates primarily in the community banking sector, with a market capitalization of $0.37 billion. Operations: The primary revenue stream for BHRB is generated from community banking, with the latest reported revenue at $288.68 million. The company consistently reports a gross profit margin of 100%, while net income margins have shown variability, most recently recorded at 19.67%. Operating expenses are significant, with general and administrative expenses being a notable component. PE: 15.3x Burke & Herbert Financial Services, recently added to the S&P Regional Banks Select Industry Index, showcases insider confidence with Julian Barnwell purchasing 6,000 shares for US$374,100. The company reported a significant rise in net interest income to US$72.99 million for Q1 2025 from US$22.13 million the previous year, alongside a share repurchase program of up to US$50 million. Earnings are expected to grow by 35% annually despite large one-off items impacting results. Click here and access our complete valuation analysis report to understand the dynamics of Burke & Herbert Financial Services. Assess Burke & Herbert Financial Services' past performance with our detailed historical performance reports. Simply Wall St Value Rating: ★★★★★☆ Overview: Third Coast Bancshares operates as a community banking institution with a focus on providing financial services, and it has a market capitalization of approximately $0.24 billion. Operations: Third Coast Bancshares derives its revenue primarily from community banking, with a recent figure of $172.27 million. The company consistently reports a gross profit margin of 100%, indicating no cost of goods sold is recorded in their financials. Operating expenses are significant, with general and administrative expenses constituting the largest portion, reaching $91.16 million recently. Net income margins have shown variability over time, most recently at 26.79%. PE: 9.7x Third Coast Bancshares, a smaller player in the U.S. market, demonstrates potential value with its earnings forecasted to grow nearly 10% annually. Insider confidence is evident as an insider acquired 10,000 shares for approximately US$292,089 in early 2025. The company reported improved financials for Q1 2025 with net interest income rising to US$42.8 million and net income at US$13.59 million compared to last year. Additionally, a new share repurchase program of up to US$30 million signals strategic growth intentions through May 2026. Navigate through the intricacies of Third Coast Bancshares with our comprehensive valuation report here. Gain insights into Third Coast Bancshares' historical performance by reviewing our past performance report. Simply Wall St Value Rating: ★★★★★☆ Overview: Southside Bancshares operates as a bank holding company providing a range of financial services, with a market capitalization of approximately $1.15 billion. Operations: The primary revenue stream for Southside Bancshares is derived from its banking operations, with recent quarterly revenues reported at $254.82 million. The company consistently reports a gross profit margin of 100%, indicating no cost of goods sold is deducted from its revenue. Operating expenses are significant, with general and administrative expenses forming the largest portion, reaching $122.52 million in the latest quarter. Net income margin has shown variability over time, most recently recorded at 34.70%. PE: 9.9x Southside Bancshares, a smaller player in the financial sector, has shown promising signs of potential value. Between January and April 2025, the company repurchased 196,419 shares for US$5.27 million, signaling confidence in its stock's prospects. Additionally, insider confidence is evident with recent share purchases related to an ESOP offering valued at US$34.43 million filed in May 2025. Despite stable earnings and dividends at US$0.36 per share declared for June 2025, net interest income remains consistent year-over-year at US$53.85 million for Q1 2025 compared to last year's figures. Get an in-depth perspective on Southside Bancshares' performance by reading our valuation report here. Gain insights into Southside Bancshares' past trends and performance with our Past report. Take a closer look at our Undervalued US Small Caps With Insider Buying list of 82 companies by clicking here. Shareholder in one or more of these companies? Ensure you're never caught off-guard by adding your portfolio in Simply Wall St for timely alerts on significant stock developments. Join a community of smart investors by using Simply Wall St. It's free and delivers expert-level analysis on worldwide markets. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include BHRB TCBX and SBSI. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
Yahoo
25-05-2025
- Business
- Yahoo
Is It Worth Considering MVB Financial Corp. (NASDAQ:MVBF) For Its Upcoming Dividend?
Readers hoping to buy MVB Financial Corp. (NASDAQ:MVBF) for its dividend will need to make their move shortly, as the stock is about to trade ex-dividend. Typically, the ex-dividend date is one business day before the record date, which is the date on which a company determines the shareholders eligible to receive a dividend. The ex-dividend date is an important date to be aware of as any purchase of the stock made on or after this date might mean a late settlement that doesn't show on the record date. Thus, you can purchase MVB Financial's shares before the 30th of May in order to receive the dividend, which the company will pay on the 15th of June. The company's next dividend payment will be US$0.17 per share. Last year, in total, the company distributed US$0.68 to shareholders. Looking at the last 12 months of distributions, MVB Financial has a trailing yield of approximately 3.6% on its current stock price of US$18.97. If you buy this business for its dividend, you should have an idea of whether MVB Financial's dividend is reliable and sustainable. So we need to check whether the dividend payments are covered, and if earnings are growing. We check all companies for important risks. See what we found for MVB Financial in our free report. Dividends are typically paid out of company income, so if a company pays out more than it earned, its dividend is usually at a higher risk of being cut. Fortunately MVB Financial's payout ratio is modest, at just 46% of profit. Generally speaking, the lower a company's payout ratios, the more resilient its dividend usually is. Check out our latest analysis for MVB Financial Click here to see the company's payout ratio, plus analyst estimates of its future dividends. When earnings decline, dividend companies become much harder to analyse and own safely. If business enters a downturn and the dividend is cut, the company could see its value fall precipitously. MVB Financial's earnings per share have fallen at approximately 7.9% a year over the previous five years. Such a sharp decline casts doubt on the future sustainability of the dividend. Another key way to measure a company's dividend prospects is by measuring its historical rate of dividend growth. MVB Financial has delivered an average of 24% per year annual increase in its dividend, based on the past 10 years of dividend payments. Is MVB Financial worth buying for its dividend? MVB Financial's earnings per share are down over the past five years, although it has the cushion of a low payout ratio, which would suggest a cut to the dividend is relatively unlikely. It doesn't appear an outstanding opportunity, but could be worth a closer look. Curious what other investors think of MVB Financial? See what analysts are forecasting, with this visualisation of its historical and future estimated earnings and cash flow. If you're in the market for strong dividend payers, we recommend checking our selection of top dividend stocks. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
